GLD SPDR Gold Shares Weekly Chart Analysis: 2026-Oct-23 07:05 CT

Price Action

• Last: 368.35,
• Bars: Medium,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Bearish,
• WSFG Trend: Bearish.

MSFG Month Oct

• Intermediate-Term
• MSFG Current: NA%
• F0%/NTZ' Bias: Price Bearish,
• MSFG Trend: Bearish.

YSFG Year 2026

• Long-Term
• YSFG Current: NA%
• F0%/NTZ' Bias: Price Bearish,
• YSFG Trend: Bearish.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt low 368.35,
• 4. Pvt. Next: Pvt high 400.99,
• 5. Levels R: 492.15, 429.42,
• 6. Levels S: 368.35, 363.32, 360.12, 291.78, 272.58.

Weekly Benchmarks

• (Short-Term) 5 Day: 388.26 Down Trend,
• (Short-Term) 10 Day: 398.06 Down Trend,
• (Intermediate-Term) 20 Day: 389.48 Down Trend,
• (Intermediate-Term) 55 Day: 387.55 Up Trend,
• (Long-Term) 100 Day: 353.44 Up Trend,
• (Long-Term) 200 Day: 275.58 Up Trend.

Overall Rating

• Short-Term: Bearish,
• Intermediate-Term: Bearish,
• Long-Term: Bullish.

Key Insights Summary

GLD is in a pronounced weekly corrective phase following the 492.15 peak, with lower highs and lower lows confirming both the short-term pivot and intermediate HiLo downtrends. Price is below the clustered 5, 10, 20, and 55-week benchmarks near 387.55 to 398.06 and remains beneath the 2026 F0%/NTZ area near 400, defining that band as the primary countertrend recovery zone. The 368.35 pivot low is being tested alongside nearby 363.32 and 360.12 supports; this creates an active downside swing structure, while 400.99 is the pivot-reversal threshold for the next confirmed swing high. From a futures swing-trader perspective, the weekly structure is bearish and volatile in the near term, but the long-term trend remains constructive because price is still above the rising 100 and 200-week benchmarks.